Copyrights and patents are examples of barriers to entry that give firms monopoly pricing powers
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
The United States has developed a comparative advantage in film production due to the film industry being long-established in southern California, and lower costs result from the size of the industry in the area
This source of comparative advantage is referred to as A) external economies. B) best practices of unskilled labor. C) superior process technology. D) the abundance of natural resources.
In financial markets, when a firm issuing new securities has previously issued securities, these securities are called
A) seasoned issues. B) an initial public offering. C) secondary issues. D) investment-grade issues.
Which of the following people would be least likely to search the newspaper ads for bargains and clip store coupons?
a. a retired person b. an unemployed person c. a waitress earning $5 per hour d. an attorney earning $100 per hour e. a student on summer vacation
Nearly half of federal government research and development spending takes place in the
a. National Science Foundation. b. National Aeronautics and Space Administration (NASA). c. Department of Defense. d. Federal Office of Technology Policy.